Table 17-2 the Information in the Table Depicts the Total Demand for Demand

question 67

Multiple Choice

Table 17-2
The information in the table depicts the total demand for wireless Internet subscriptions in a small urban market. Assume that each wireless Internet operator pays a fixed cost of $100,000 (per year) to provide wireless Internet in the market area and that the marginal cost of providing the wireless Internet service to a household is zero.


-Refer to Table 17-2.Assume that there are two profit-maximizing wireless Internet companies operating in this market.Further assume that they are able to "collude" on price and quantity of wireless Internet subscriptions to sell.As part of their collusive agreement they decide to take an equal share of the market.How much profit will each company make

• A)$40,000
• B)$170,000
• C)$210,000
• D)$380,000

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Definitions:

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